HI Guys,

Have a look at this website.....

http://www.fx-ea.com/index.html

I Found it while I was searching internet for EA Sellers...I am not sure if it is true/real or not.....

What I dont understand is if they are making $$$$$$ then why are they selling it for that cheap..!!!!!!!!!!

Thanks
Babar

We could probably find out what kind of strategy it's using.....

Attached Files

forsaleea.htm (294.1 KB, 405 views)

If you want to buy an EA then you should be sure they can provide you a trial period [with some expiration date built in]. Do not trust backtests since I can make 1 + 1 equal to whatever you want..... Many systems or EA sold are not used in live trading nor can you take their word for it that it is.... I can give you testimonials under facetious names if I wanted to see a you an EA or system also.... Just like someone can post things in this website under so many different names...

If no address and telephone on web site,
they are crooks.
B.

Phonehome,

that is a live account statement posted by an user just before your post.

By the way, that system uses 1000 pip stop loss, so have to be careful.

If its a real live trade statement then I hope they are willing to let you try it out for a week or two to see for yourself. I know that anyone can post results whether real or not and make such claims. Anyhow, if I had such a large account, I could use a S/L of 1000 PIPs. Can you afford to lose a 1000 PIPs? Yes, one day it will come back....

This EA is from this eBay seller http://cgi.ebay.com/Automated-Forex-...QQcmdZViewItem

Now, someone from the yahoo group bought the EA, tried it live and lost money. They posted their statement here http://f1.grp.yahoofs.com/v1/AIfoRES...dStatement.zip

Lastly, the statement posted, well I don't think it is from a real account, so ask the seller to provide a statement that is has trades longer than 1 month (and not doctored) then you will know!

There is another eBay seller http://search.ebay.com/_W0QQsassZarchgnetQQhtZ-1, who is selling an EA. Now this seller is the guy with the user id techinvest (don't ask me how I know).

Look at one of his auctions and the bs that he writes in it http://cgi.ebay.com/Automated-Forex-...QQcmdZViewItem

Then take a look at his performance in the current interbank mini contest

http://www.interbankfx.com/contest/b...ame=techinvest

Attached is also a screenshot

Now ask yourself, what happened to making money while you sleep? Then look at all those very naive people bidding on his auctions.....

I am not saying that techinvest does not have a good EA for sale, I am just getting you to think a bit before you decide to part with your money.

You can vist techinvest's website at http://www.archertrading.net

Attached Images

techinvest.jpg (126.2 KB, 521 views)

I think it is one of those grid trading type of systems. It works most of the time, but when it slips, it wipes your account.

The equity curve for this system looks like the equity curve of the system posted by the previous member. The sudden jumps in equities, and spikes, make be believe that these are some variations of grid trading or cost averaging. Please correct me if I am wrong.